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Acquirers Mr. Padmanaban Krishnamoorthy and Ms. V Varalakshmi announced an open offer to acquire control of Genesis IBRC India Limited. They propose to buy up to 5.23 lakh shares, representing 20.31% of the company's voting capital, at ₹6.60 per share, totaling ₹3.46 crore. This offer follows prior off-market transactions which gave the acquirers control. They intend to expand and potentially diversify the business. Upon completion, the acquirers will become promoters, and existing promoters will relinquish control. The company will work towards maintaining minimum public shareholding. The offer is not conditional on minimum acceptance.